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Home My WebLink About2401 Our file 5-25,606 ~A~. mur~Yag~ .x aiAer transfer of uUe w ~Ae mortsa~ed property m exun~uuhmem o~ t~e ~ndebtedness securcd Aere~+~, ~11 ngAt, ~ule anJ ~n~erest ui Ihe Morita~ot ~n ~nd to any ~nawsnce polic~es then sn force chall pass ~a the purcRaser or ~ramee. To ptrfcxm, cumply ~rUh aed •b~dt by each snd every tAe st~pulauons, a~reements, cond~huns ~nd co~enantc ~n wid promn~ory noie and m ~h~s deed set to~tA, li 1 Thal any of sa~d swns of money here~n re(rrred to bt eo1 promp~l)' and (ull~ pa~d rUh~n t~(trtrt dry~ neu aicer tAe same seve~ally becomes due and payaMe,or ~f each and every tAe c~~pulauons, aRreements, :ood~tuu~~ and co~enan~c o~ ca~d prom~.- ~ory note and thu deed, a enher, are not tuliy pertormed, canphed ~r~th and abided A~, the .a~d aR~rc~ate sum mrnuontd ~n cn~d prom~sswy no~e shall becaae due and paya~le (Mt~r~tA cx therea(ter at the o~+hon ot the \furtEa~ee as fully and complr~ely a~ ~i iAr sa~d as~re~ate sum o( said prom~ac«y nae vras on~~nally sUpulated to be pa~d on cucA dry, any~hm~ m sa~d prom~ssory note nr hereie ~he .omrary notuuhstandmE. , 1~ ? Th~~ ~n nrder ~o accelera~e the matunty of the mdebtedness heresy cecured, brcause o1 ~he fa~lure ot ~he \1onEo~ur u~ pay any tai, as.e.sment, I~ab~i~ty, obliqt~on rx encumsrance upw~ sa~d propertY, ss Aercm p~ov~ded. ~1 shaU no~ be necescary cx rcqu~s~~e thet iAr m~.riRaFee shall f~rst pay the same. 2. The 1~lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereb~• .erured and to forecluse the same, pav either before or after delinquency any or all ot those certa~n obligations ' requ~red by the terms hereof to be paid by the !~1ortgagor far the protection af the mortgage securi~y or for the cal- lection of the indebtedness hereby secured. All sums so advanced or pa~d by the !Nortgasee shall be charged into the m.~rtgage account and become an integral part thereof, subject in all respects to the terms, conJitions, and c~~venants ot t6e aforesaid promissory note, and this mortgage. as fully and to the same extent as theugh a part ~ of the origioal indebtedness evidenced by said note and secured by this mottgage. excepting however, that seid ~ sum~ shall be repaid the !1lortgagee forthwith ~Fon its demand and be in addition to ehe regular monthly install- ~nents provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of th~. mortgage, remain in possession of the tilottgagee and in event of the foreclosure of this mortgagt or other tran~fer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, afl right, title and ~nterest of the ~tortgagor in and to any such abstracts of title shall pass to the purchaser ur grantee. To the extent of the indebtedness of the Mortgagor to the Atiottgao._e described herein ot secured hereby, the ~lartgagee is hereby subtogated to the lien or liens and to the rights of the owners and holders thereot of' each and evern mortgage, lien or other i~cumbrance on the land described herein which is paid ar.d'or satisfi~d. in whole or in part, out of the preceeds of the loan described herei~ or secured hereby, and the respective liens of - said mortgages. liens or other incumbra~ces, shall be and the same and each of them hereby is presetved and shail pass to and be held by the ~lortgagee hertin as security for the indebtedness to the hlortgagee hetein described or hereby ~ecured, to the same extent that it would have been preserved and would have been passed to and b~en held by thc ~lortgagee had it been duly and regularly assigned. transfened, set ovet, and delivated unto the ~iort- gagee b~ separate deed of assignment. notwiihstanding the fact that the same may bc s,~tisfied a~id cancelied of ; record, it being the intention of the parties hereto that the same will be satisfied and cancelied of record by the - holders thereof at or about the time of the recording of this mortgage. 5. ln the event the ownership of the mortgaged premises, or any part thereot. becomes vested in a ~erson ~ ~~ther than the ~lortgagor, the \tortgagee may, without notice to the Mortgagor, deal with such saccz ssor or suc- cessors in interest with teference to this deed and the debt heteby secured, in the same manner as with ~he ~1ort- ~ gagor w~thout in any way vitiating or discharging the Mortgagot's liability hereundet or upon the debt F~ereby ' secured. No sale of the ptemises hereby mortgaged and no fothtarance on the psrt of the Mortgagee, and no ex- tensian of the time for the payment of the debt hereby secured given by the 4lortgagee shalt operate to reiease, - discharge, modify, change or affect the original liability of the Mortgagor herein ~ither in whole or in nart. 6. The lien of this deed secures and shall continue to secure payment oi said indebted~ess or inc!ebted- ness, however evid~nced, w•hether by said promissory note or any renewal or extension there~f or subsieEut~ there- _ for, or otherv?~se, until all such indebtedness shall have been fully paid. ~ 7. In the e~•en~ the mortgagors sel(, convey o? transjer lhe mortgaged p~emises durrng the liJe ot this me~t- ! Aoge. ~hen this mo~tgnge shall, a~ the option oJ the Alortgagee herein, 6ecorne immediale;}~ dut and payabie fa! lhe ~ full surn oJ the principal balance and interest then due. 8_ The tertns "!Nortgagor" and "Mortgagee" whenever used in this instrument shzl! include the heirs, ~ personal representatives, successors and assigns of the tespective parties heteto. Wherever use~ the singular ~ number shall include the plural and the plutal the singular, and the use of any gender shatt incl;ide all genders. ~ l_ ! ~ ~1 Sig d, sealed e ed in e presence o• iSeal) t {Seafl ~ «-E.J ) ) ' . - ' - STATE OF FLORIDA I ~ coSTTYLUC~~IE ~X ~ SS BeCore me personally appeared BILLY R. DAILEY, an unmarried man, ~ to me well known and known to me to be the individuals described in and who executei3 the foregoing instrument. ~ and acknowledged before me that they executed the same for the purposes therein exPressed. WITNESS mj~ hand ~ and official seal in the County and State last aforesaid this 19th Day of Oetober, 1972 ~ ~ - ~ : ~ ~ ~ 1,~ ~ ~1y Comm~ssion Expires: _ Jut~~ 30, 1975 Notary Public, State of FZO ~ L'~' ~ fIIED AN:: kEGJRDEO - ~ ST. LUC~E CCUMTIf fLA. ~ ~ ~ ~ ROG~r ~~J3iRAS ~ ~ ~ CIERK G~;~Ji7 COURT - . RE~OqD ~f.~.~~ iEO~ ~~f ••i•; ~ . Ocz 31 4 i9 PN'11 K ;~~sos~ o ~ 2U7 ~24~0 . 600K _y_ _ = e . ~ . _ - ,